PPDAI Group (NYSE:FINV) Posts Quarterly Earnings Results

PPDAI Group (NYSE:FINV) posted its quarterly earnings data on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, Zacks reports. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%.

PPDAI Group Price Performance

PPDAI Group stock traded down $0.20 during mid-day trading on Thursday, hitting $4.01. The stock had a trading volume of 1,989,387 shares, compared to its average volume of 988,008. The firm has a market capitalization of $976.81 million, a P/E ratio of 3.37 and a beta of 0.36. PPDAI Group has a one year low of $3.94 and a one year high of $8.69. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $4.69 and its 200 day moving average is $4.99.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in PPDAI Group by 114.5% during the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after acquiring an additional 31,641 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of PPDAI Group by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock worth $4,584,000 after purchasing an additional 12,000 shares during the period. Finally, Millennium Management LLC boosted its position in PPDAI Group by 573.9% during the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after purchasing an additional 894,566 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

About PPDAI Group

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.